The Chartered Institute of Bankers of Nigeria has emphasised the urgent need to mitigate the effect of fraudulent activities such as money laundering, terrorists financing and identity theft in the banking system and the economy in general. The organisation said the impact of the anti-economic activities on the nation, organisations […]

The Chairman, Senate Committee on Banking, Insurance and Other Financial Institutions, Senator Bassey Otu, has said the recent controversies surrounding the suspension of the Governor of the Central Bank of Nigeria, Mr. Lamido Sanusi, should not distract the bank from effectively discharging its mandate to the people. A statement by […]

The Bank of England suspended a member of staff as it conducts a probe into allegations that officials condoned practices behind the currency-manipulation scandal. While the BOE said it has found no evidence to date of collusion, it requires staff “to follow rigorous internal control processes and has today suspended […]